Kulite Semiconductor Products, Inc. Retirement Committee 401(k) Review & Grade
Kulite Semiconductor Products, Inc. Employees' Profit Sharing and Salary Reduction Plan
Leonia, NJManufacturing772 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,638Employer $ per active participant
$4,609Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$97.4MNet plan assets, end of year
$97,607Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost25.0 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 100th |
| Employee saving | 46th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $28,966 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kulite Semiconductor Products, Inc. Retirement Committee put in about $1,638 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,264,463 |
| Participant (employee) contributions | $3,557,902 |
| Other contributions (incl. rollovers in) | $44,441 |
| Administrative expenses paid from the plan | $475 |
| Benefits paid out | $2,620,229 |
| Net assets, start / end of year | $83.4M / $97.4M |
| Active participants, start / end of year | 752 / 792 |
| Participants with account balances | 998 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $475 reported compensation |
| Wells Fargo Clearing Services LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915132351NAL0000744723001, received 2025-09-15, EIN 22-1656907, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.